- Sharing Services owns, operates or controls an interest in companies specializing in the direct selling industry
- The company has its unique ‘Blue Ocean Strategy’ to promote successful entrepreneurship
- Direct Selling continues to be a major growth industry
Texas-based Sharing Services, Inc. (OTC: SHRV) focuses on direct selling. The company owns, operates or controls an interest in an array of companies specializing in the direct selling industry. Sharing Services’ mission is to transform the direct selling industry model by creating a diversified holdings company that maintains an ownership interest in numerous direct selling operations. Its mission relies heavily on its implemented ‘Blue Ocean Strategy’.
Sharing Services’ subsidiaries either sell products directly to consumers via independent representatives or offer services. These services include health and wellness, travel, auto and home insurance, life and health insurance, energy brokerage and training. The United States is the world’s largest direct selling market, and, in 2017, 18.6 million people were involved in direct selling in the U.S. (http://nnw.fm/A7J8n).
The company’s ‘Blue Ocean Strategy’ combines important components together to execute its mission. This includes elevating home-based entrepreneurs, called “Elepreneurs” (Elevated Entrepreneurs), using direct selling channels to generate 100 percent organic growth while creating as many successful independent business leaders as possible. Elepreneurs, LLC is a 100 percent wholly owned subsidiary of Sharing Services. The aim of Elepreneurs is to contract with companies to promote and sell products by employing a direct selling model.
Direct Selling is a growth industry that gives individuals the opportunity to be independent entrepreneurs. Direct Selling News reported (http://nnw.fm/1jCxP) that, “In 2017, global direct selling recorded US$189.6 billion (2017 constant U.S. dollars) in estimated retail sales – a 1.6 percent increase over 2016 – and up nearly $20 billion since 2014, resulting in a 3.7% compound annual growth rate over the 3-year period from 2014 to 2017.”
Recently, Sharing Services signed a joint venture agreement with Health Wealth & Happiness Limited (“HWH”). The focus of this agreement is to expand the company’s “Elepreneurs” brand and market its products in Asia. “Elepreneurs Asia Limited” is the name of the newly created company. The joint venture anticipates market openings throughout Asia, leveraging marketing and sales rights in China, Hong Kong, Macau, South Korea, Japan, Taiwan, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam and Papua, New Guinea.
Sharing Services also recently announced that its wholly owned subsidiary, Elevacity Global, LLC, will launch its product line in Australia and New Zealand. Plans to complete the process this year to meet consumer demand are being fast-tracked. In a news release, Robert Oblon, chairman of Sharing Services, stated, “I am confident that the team of professionals we are working with in Australia and New Zealand will successfully launch our products. We are pleased to continue our ‘Blue Ocean Strategy’ philosophy on the other side of the globe.”
With its aggressive business strategy, Sharing Services is revolutionizing the direct selling industry. The company has grown by more than 10,000 independent sales representatives over the last several months because of its emphasis on helping people become independent business leaders. It is working to mesh Elepreneurs with the Sharing Service brand to establish creative interaction that drives corporate success and develops successful entrepreneurs.
For more information, visit the company’s website at www.SharingServicesInc.com
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